Volatility can be the order of the day
Axis Bank was the top gainer in the Sensex pack, surging around 4 per cent, followed by M&M, HDFC Bank, ITC, SBI, ICICI Bank, Maruti, Kotak Bank and Sun Pharma. On the other hand, HDFC, Titan, Nestle India, Bharti Airtel, ONGC and Infosys were among the laggards.
Banking stocks have done very well in the September quarter. Against the Sensex's roughly 13 per cent rise, the BSE Bankex is up over 30 per cent since the end of June.
The Sensex opened on a flat note at 7,616, and touched a high of 7,640 in early deals.
The Sensex opened with a positive gap of 99 points at 15,094. The index touched a high of 15,349, and a low of 15,056. Sensex ended up 294 points. HDFC, ICICI Bank, Wipro, Bharti Airtel, Hindustan Unilever, Reliance, ITC, L&T, ACC,Tata Motors, Ambuja Cements and TCS were major gainers. Tata Steel, Reliance Energy and Jaiprakash Associates were major losers. Reliance topped the value chart with a turnover of Rs 202 crore, followed by GSS America and Reliance Natural Resources.
The NSE Nifty ended at 5,695, up 78 points. All the sectoral indices, too, finished with sharp gains today. The BSE Bankex zoomed 352 points (3.5%) to 10,538. The BSE MidCap Index gained 168 points (2.1%) to 8114.
Unless loan growth picks up, net interest margins may not expand as expected.
Among the Sensex firms, Tata Steel, Tata Motors, Asian Paints, Wipro, State Bank of India and Larsen & Toubro were the major gainers. ICICI Bank, NTPC, Axis Bank and Mahindra & Mahindra were among the laggards.
The markets opened the first trading day of 2007 on good note
The BSE Bankex and the realy index plunged over 5% each to 6,578 (down 358 points) and 4,945 (down 263 points), respectively. The market breadth was fairly negative with nearly five declining stocks for every two advancing shares - out of 2,713 stocks traded, 1,915 declined and 733 advanced on Thursday.
The NSE Nifty ended up 23 points, at 5,275.
NSE Nifty is trading at 4,283, down 120 points.
The Sensex opened on a flat note this morning.
The NSE Nifty ended at 3,491, up 211 points. The market breadth was fairly positive - out of 2,672 stocks traded, 1,687 advanced, 926 declined and the rest were unchanged on Monday.
Reliance Infrastructure has gained nearly 2% at Rs 845. ACC, Larsen & Toubro and Mahindra & Mahindra are up around 1.5% each at Rs 602, Rs 2,539 and Rs 545, respectively.
Significant weakness in banking, metal and technology stocks saw the index slide to a low of 15,125 - down 455 points from the day's high. The Sensex recouped some losses but eventually ended with a loss of 292 points at 15,212. The NSE Nifty shed 68 points to settle at 4,552.
Rate hike move by the Reserve Bank of India triggered a fresh round of selling. The index tumbled to a low of 13,727 - down 622 points from the previous close. The Sensex finally ended with a loss of 557 points at 13,792.
Sensex opened with a negative gap of 325 points at 14,452. The index barely managed to touch a high of 14,484, and then started slipping deeper into red.
BSE Bankex has delivered an annual return of 35 per cent
Shares of ICICI Bank may outperform those of HDFC Bank in the near-term, analysts said recently, after the Sandeep Bakhshi-led private sector lender reported a strong set of numbers for the July to September quarter (Q2) of financial year 2023-24 (FY24). The result, they said, reiterated that ICICI Bank is maintaining a sustainable and prudent growth led by tech-driven initiatives as against HDFC Bank, which is facing merger related challenges. According to analysts at Prabhudas Lilladher, ICICI Bank is valued at par with HDFC Bank at 2.2x/1.9x on FY25/26E core adjusted book value (ABV) basis.
The BSE Bankex and the FMCG index gained over 4% each at 7904 and 2384, respectively. The market breadth was bullish - out of over 2,600 scrips traded, over 1,500 logged gains today. ICICI Bank advanced nearly 6% to Rs 809. Ranbaxy was up over 5% at Rs 484. Jaiprakash Associates moved up nearly 5% to Rs 232.
This will be the lender's first result after its merger with HDFC Ltd, effective from July 1, and will keep analysts glued to the management's earnings growth guidance for the merged financial behemoth.
The index, however, could not hold gains and slipped into negative zone by mid-noon trades. Aggressive profit-taking in the market saw the index slip to 19,338 -- down 581 points from the day's high. The NSE Nifty ended at 5,786, down 61 points.
The market breadth was fairly positive -- out of 2,837 stocks traded, 1,813 advanced, 968 declined and 56 were unchanged on Tuesday.
The NSE Nifty ended at 4,389, up 30 points.
The NSE Nifty ended at 4,209, up 101 points.
The Sensex opened with a positive gap of 22 points at 15,295.
The Sensex opened with a positive gap of 66 points 14,610.
The Sensex opened with a positive gap of 20 points at 13,949
The Sensex opened with a positive gap of 158 points at 13,954.
The Sensex opened a tad higher at 13,772 - up seven points.
The NSE Nifty gained 57 points to close at 4,142.
The Sensex opened 30 points higher at 12,736.
The Sensex opened with a positive gap of 102 points at 12,747
Check out what you can do in the market today.
The index touched a low of 14,026, before settling with a loss of 168 points at 14,041.
The Sensex finally closed with a loss of 114 points at 12,623. The Nifty closed at 3,657, down 26 points.
The NSE Nifty ended at 2946, up 139 points. The market breadth was fairly positive - out of 2,642 stocks traded, 1,629 advanced, 899 declined and the rest were unchanged on Monday.
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